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Anonymous

19 Oct 2020

CPF

How can i buy gold with CPF OA?

Discussion (2)

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Bobby Lee

19 Oct 2020

Investor at Investor@Singapore

Why not look into this app called Everest Gold. You can buy from as little as 0.01g of gold which is like less than a dollar. They are a new company from Singapore. They're having a launch program where they are giving out a $40+ referral gift by just signing up. You don't need to make a deposit to actually claim this welcome gift, so why not give it a shot.

Let me know if you have any other queries. :)

Baby Steps Finance

19 Oct 2020

Seedly Student Ambassador 2020 at Seedly

You can invest under CPFIS, if you:

  • are at least 18 years old;

  • are not an undischarged bankrupt;

  • have more than $20,000 in your OA; and/or

  • have more than $40,000 in your SA.

From 1 October 2018, as a new CPFIS investor, you will need to take the Self-Awareness Questionnaire (SAQ) before you can start investing under CPFIS.

You can start investing once you meet the above criteria. I would recommend SPDR Gold Shares for a start. You can apply at any of the main 3 banks of SIngapore to open a CPF Investment Account.

Do note that up to 10% of investible savings can be invested in gold. As calculated here https://www.cpf.gov.sg/Assets/members/Documents...

https://www.cpf.gov.sg/Assets/members/Documents...

Good luck with your investment journey!!

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